The S&P Global Australia Composite PMI rose to 51.6 in June from 50.5 in May, marking a ninth consecutive month of growth and the fastest pace since March. The expansion was driven entirely by the service sector, as manufacturing remained subdued. New business also picked up, again led by services, though export demand continued to weaken across sectors. Firms responded to higher workloads by hiring more staff and making progress on backlogged orders. Business confidence strengthened, reaching its highest level in over three years. On the price front, selling prices rose modestly at the same pace as in May, while input cost inflation eased to its lowest level since December 2024.